How To Increase Your Income by 1-5% without doing anything
Using credit cards to buy everything from stores such as Walmart, Amazon or target. They all have their own credit cards that give you 5% back. Yes, using credit cards can be very risky but following my key points will make it easier.
Key Points
- Only buy stuff that you would pay cash for and never over spend money.
- Having a budget is very important.
- Plan which credit cards would be most useful to your spending habits
- Plan what you are going to buy.
- Wait 48 hours before buying something out of the normal.
What are the benefits of only using a credit card to buy everything you need?
Key Points
- Security: Credit cards offer better fraud protection compared to debit cards. If your credit card is lost or stolen, you can typically report it and dispute unauthorized charges, limiting your liability.
- Build Credit: Responsible use of a credit card can help build a positive credit history, which can be crucial for obtaining loans, renting an apartment, or getting better interest rates in the future.
- Rewards and Perks: Many credit cards offer rewards programs, cashback, or airline miles for every dollar spent. If you pay your balance in full each month, these rewards can provide tangible financial benefits.
- Emergency Fund: A credit card can serve as a backup emergency fund for unexpected expenses when you don’t have cash readily available.
http://dorianfinance.com/best-way-to-use-a-credit-card
http://dorianfinance.com/how-to-pick-a-credit-card
How Presidential Elections Affect The Stock Market?
Explore the impact of uncertainty, policy changes, economic outlook, and more.
Uncertainty: Leading up to a presidential election, there is often increased uncertainty in the markets. Investors may become cautious and hesitant to make significant financial decisions, which can lead to increased market volatility. For example the 2016 Presidential elections, I bought Home Depot and Lowe’s because Trump’s build the wall Promise and I bought Pfizer and Johnson because Clinton was big into Healthcare. I bought it days before we knew that Trump would be the next president and Home Depot and Lowe’s stocks went up 30% overnight.
Policy Changes: The policies advocated by the winning candidate can have a substantial impact on specific sectors of the stock market. For example, if a candidate proposes policies that are perceived as business-friendly, such as tax cuts or deregulation, it can boost the stock market, especially in sectors that stand to benefit from these policies. Conversely, policies that are seen as unfavorable to certain industries may lead to market declines in those sectors.
Economic Outlook: Presidential elections can influence perceptions of the overall economic outlook. If a candidate’s economic platform is viewed as positive for the economy, it can lead to increased investor confidence and a bullish market. Conversely, concerns about a candidate’s economic policies can have the opposite effect.
Historical Patterns: Some historical patterns suggest that the stock market tends to perform better in the year following a presidential election, regardless of the party in power. This phenomenon is known as the “presidential election cycle.”
How To Make a Budget?
| Income | Expenses |
| Fixed | |
| Variable | |
| Total Income | Total Expenses |
- Calculate your total monthly income after taxes.
- Track your expenses: Fixed expenses (rent/mortgage, utilities, insurance) and variable expenses (groceries, dining out, entertainment).
- Categorize your expenses: Group your expenses into categories such as housing, transportation, food, entertainment, debt payments, savings, and so on.
- Set financial goals: Determine your short-term and long-term financial goals.
- Allocate your income: Based on your goals and expenses, allocate your income to each category.
- Adjust your spending: Compare your allocated amounts to your actual expenses from step 2. Identify areas where you can cut back or reduce spending.
- Create a savings plan and emergency fund: Set aside a portion of your income for savings. Aim to save at least 10% of your income, but adjust the percentage based on your financial goals.
- Monitor and track your budget: Regularly review your budget and track your expenses to ensure you’re staying on track.
- Be flexible: Remember that a budget is a tool to help you manage your finances, but it’s not set in stone.
- Seek assistance if needed: If you find budgeting challenging or have complex financial situations.
More information about making a budget http://dorianfinance.com/how-to-make-a-budget
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